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Cattle Holding Support

MORNING LIVESTOCK OUTLOOK

Boxed beef starting out Monday morning higher but a typical light volume beef trade. Choice rib sections were the driver up $5.74 with loins, chucks and rounds slightly higher.  Briskets, plates and flank sections were all down.

Don’t expect much trading volume this week.  Traders will be waiting for the Feb 24th Cattle on Feed Report and Thursday’s exports.

Pork movement was light Monday.  Only 317 loads of pork and trimmings were sold.

Weather is conducive for optimum growth so should start to see higher rates of gain.  But feed is high priced and any producer that can control the time when hogs are moved to slaughter is going to move as soon as they are ready.

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Futures and options trading involve significant risk of loss and may not be suitable for everyone.  Therefore, carefully consider whether such trading is suitable for you in light of your financial condition.  The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM.  The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared.  The information provided is designed to assist in your analysis and evaluation of the futures and options markets.  However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.

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